A Management Science Perspective is a management perspective that originated after World War II and used mathematics, statistics, and other quantitative tools to managing challenges.
Management science, often known as mathematical or quantitative measurement, sees management as a logical entity whose actions may be described in terms of mathematical symbols, connections, and measurement data.
The mathematical model is the key emphasis of this technique. This device may represent management and other challenges in fundamental relationships, and if a specific goal is sought, the model can be expressed in terms that optimize that goal. This method borrows heavily from decision theory and, in fact, provides several ways for rational decision-making.
Therefore, the answer is management science perspective.
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As a project manager, you choose the best project management methodology for your team and ensure they adhere to it throughout the project. What project management responsibility does this represent?
The project management responsibility that this represent is helping teammate adopt the right workflows and project management styles.
Who is a project manager?It should be noted that a project manager simply means the person that is in charge of a project
In this case, the project management responsibility that this represent is helping teammate adopt the right workflows and project management styles.
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Junji is the sales manager for a firm located in a northwest province of China. His product is clearly the market leader in that province. Junji suggests that his firm implement a regionwide price reduction of all its product lines to discourage new firms from entering his lucrative market. Which company objective is being promoted
Competitor orientation company objective is being promoted.
What does competitive orientation mean?The amount of effort one puts into competing may be influenced by their competitive orientation, which is described as the urge to strive for success in competitions.What is competition oriented?A pricing strategy in which factors such as consumer demand and manufacturing costs are less important than the price of a comparable product supplied by a strong competitor; also known as competition-based pricing.What is competitor oriented marketing?Market-oriented pricing, sometimes referred to as competition-oriented pricing, refers to setting your product or service prices based on those of your competitors rather than taking consumer demand and your own costs into account.Additionally, this pricing strategy entails studying and researching your target market.Learn more about competition oriented here:
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if demand increases while supply remains unchanged the equilibrium price of the product will and the equilibrium quantity will
An increase in demand while the supply remains unchanged causes equilibrium price and quantity to increase.
If demand increases and supply does not change, shortages will occur and equilibrium prices will rise. If demand falls and supply does not change, there will be a surplus, and equilibrium prices will fall. If demand does not change and supply increases, the surplus will occur and the equilibrium price will fall.
An increase in demand and a decrease in supply will increase the equilibrium price, but the impact on the equilibrium amount cannot be determined. 1.1. For each quantity, consumers will appreciate the goods and producers will have to have higher prices to supply the goods. Therefore, the price will go up.
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Chase Company has 10 employees, who earn a total of $2,200 in salaries each working day. They are paid on Monday for the five-day work week ending on the previous Friday. Assume that year ended on December 31, which is a Wednesday, and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is:
The adjusting entry is shown below:
Salaries expense A/c $6,600
To Salaries payable A/c $6,600
(Being salary is adjusted)
The salaries expense is computed by
= Total salary each day × number of days
= $2,200 × 3 days
= $6,600
The 3 days is computed from Monday to Wednesday
And for correct posting, we debited the salaries expense account and credited the salaries payable account.
What is Salary Payable and Salary Expense?Salaries expense is how much an employee earned in salary. Salaries payable refers only to the amount of salary pay that employers have not yet distributed to employees.
Since Salaries are an expense, the Salary Expense is debited.
Correspondingly, Salaries Payable are a Liability and is credited on the books of the company.
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Multiple Select Question Select all that apply Bad Debt Expense ______. (Check all that apply.) Multiple select question. should exceed the revenue generated from incurring the cost is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate
Bad Debt Expense is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate.
When a receivable is no longer recoverable as a result of a customer's inability to pay an outstanding debt owing to bankruptcy or other financial issues, a bad debt expense is recorded.Big Store stops paying its debts and fails to reimburse Company XYZ for goods valued at $100,000. Company labels the $100,000 as a bad debt because it has little faith that Big Store will ever make good on its obligations.When a customer's repayment of previously granted credit is thought to be uncollectible and is therefore recorded as a charge off, a business incurs a bad debt expense.Bad debt charges are categorized as operating costs and are typically listed under selling, general, and administrative costs on your company's income statement.Thus this is the answer.
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A _____ entity has a primary key that is partially or totally derived from the parent entity in the relationship. A _____ entity has a primary key that is partially or totally derived from the parent entity in the relationship. Strong child weak business
A weak entity has a primary key that is partially or entirely generated from the relationship's parent entity.
An entity type should contain a key attribute that uniquely identifies each entity in the entity set, although certain entity types do not have a key attribute. These are known as Weak Entities.
Entity sets with insufficient properties to generate a primary key are referred to as weak entity sets, whereas entity sets with a primary key are referred to as strong entity sets. Because the weak entities lack a primary key, they cannot be recognized on their own and must rely on another entity (known as owner entity).
Hence, the correct option is weak entity.
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Marshall suggested that the cause of a downward-sloping long-run supply curve is a. The absence of fixed cost in the long run. B. The increased number of firms in the industry. C. Reduced input prices. D. Reduced output prices.
Marshall suggested that the cause of a downward-sloping long-run supply curve is A) The absence of fixed cost in the long run.
A fixed fee has a bent to increase the marginal cost curve in the quick run however due to the reality that the constant cost isn't feasible ultimately, the marginal charge declines and so the prolonged-run supply curve is falling ultimately.
In a decreasing fee enterprise, the prolonged-run deliver curve is downward sloping due to the reality that as output will grow and new businesses input, production expenses decline. The computer company is an example of a downward sloping transport curve, considering the truth that because the style of computer systems produced multiplied, the charge of inputs, together with chips, declined.
The lengthy-run deliver curve for an employer in which production charges boom as output rises (a developing-value industry) is upward sloping. The long-run deliver curve for a business enterprise in which manufacturing fees decrease as output rises (a decreasing-price business company) is downward sloping.
The lengthy-run shipping is the shipping of goods available at the same time as all inputs are variable. The lengthy-run delivery curve is continuously extra elastic than the fast-run shipping curve. The lengthy-run common fee curve envelopes the short-run commonplace rate curves in the u-customary curve.
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You are managing a digital marketing campaign with the following characteristics: 30 day duration; $18,000 cost; 580,000 impressions; 40,000 clicks; $92,000 in sales revenues. Rounding to the nearest cent, what is the CPC for this campaign? Group of answer choices $2.30 $0.45 $2.22 $0.42 .03
The CPC for this campaign will be $2.22.
CPCCost-per-click (CPC) bidding means that you pay for each click on your ads. For CPC bidding campaigns, you set a maximum cost-per-click bid - or simply "max. CPC" - that's the highest amount that you're willing to pay for a click on your ad (unless you're setting bid adjustments, or using Enhanced CPC).
CPC) is calculated by dividing the total cost of your clicks by the total number of clicks. Your average CPC is based on your actual cost-per-click (actual CPC), which is the actual amount you're charged for a click on your ad. Note that your average CPC might be different than your maximum cost-per-click .
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In socialism: Multiple select question. individuals own some smaller businesses and property government owns and operates some basic industries such as steel mills, utilities, or transportation citizens rarely work in government-operated organizations. taxes and unemployment tend to be low
In socialism some of the basic businesses are owned by the government.
What does socialism mean?A political and economic system known as socialism is, broadly speaking, one in which the state or government typically controls property ownership and the means of production. Socialism is predicated on the notion that a more egalitarian society results from collective or public ownership of resources and manufacturing equipment.
What benefits does socialism have?Everybody has access to essential goods under the socialist system, even those who are unable to contribute. As a result, the system works to reduce the amount of poverty in the community.
What is socialism's primary objective?Social equality, a wealth distribution based on one's contribution to society, and an economic system that would benefit society as a whole are among socialism's main goals.
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In socialism some of the basic businesses are owned by the government.
Which is better capitalism or socialism?Contrary to what socialists claim, capitalism, with all of its flaws, has been found to be the most effective economic system for lifting the majority of people out of poverty and transforming them into valuable members of society both in the United States and around the world. Keep in mind that whereas socialism encourages mediocrity, capitalism honors excellence.What does socialism mean?Generally speaking, a socialist political and economic system is one in which the state or government has control over property ownership and the means of production. Socialism is based on the idea that collective or public ownership of resources and production machinery leads to a more equal society.What benefits does socialism have?Under the socialist system, everyone has access to necessities, even those who are unable to contribute. As a result, the system attempts to lower the level of poverty in the neighborhood.Learn more about socialism here:
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The journal entry for the issuance of an interest-bearing note for the purpose of borrowing funds for the business is
The journal entry for the issuance of an interest-bearing note for the purpose of borrowing funds for the business is Debit cash.
What is Debit Cash?When a person uses debit cash, money is automatically taken out of their checking account. These cards, which are sometimes known as "check cards" or "bank cards," can be used to make purchases of products or services, withdraw cash from an automated teller machine, or make additional purchases at merchants who will accept them.You might not be able to make a very large purchase using debit cash because they typically have daily spending limits.A personal identification number is typically not required to use a debit card (PIN).
Hence, Debit cash is the journal entry for issuing an interest-bearing note for the purpose of borrowing money for the company.
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Watchez Corporation has recently launched a high-end watch. What kind of corporate financial planning must it take into account?
A)ways to curb variable expenses
B)ways to offset the limited economic benefits
C)ways to reduce fixed expenses
D)ways to reduce labor turnover
The best corporate financial planning to be taking into account for the product launch is the ways to curb variable expenses.
What is the reason for curbing of variable expenses?In a manufacturing process, it is known that the variable expenses flunctuates to any level and can lead to high cost of operation if care are not exercise by the firm.
Hence, in order to remain at profitable level, the best financial planning for the product launch is the ways to curb variable expenses.
Therefore, the Option B is correct.
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person who does not lock the doors or does not repair leaks shows an indifferent attitude. This person presents what type of hazard?
A person who doesn't lock doors or fix leaks presents morale hazard.
What is morale hazard?
It refers to an unconscious attitude of an individual who is indifferent to the loss of their personal property that is covered by insurance, since the insurance could cover the damages that have occurred.
Therefore, morale hazard is the change in behavior that comes from the subconscious, generating indifference about the loss of goods because they are covered by insurance.
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What is the approximate market value of a bond that pays $60 interest each year if comparable interest rates have dropped to 5 percent
The approximate market value of such a bond based on the interest pay year and the drop in comparable interest rates is $1,200.
How can the bond's market value be found?The value of the bond can be found as:
= Interest payment per year / Decrease in interest rates
Solving gives:
= 60 / 0.05
= $1,200
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Which of the following statements is true of patent enforcement? Group of answer choices Upon the expiration of a patent, an invention is removed from the public domain. The explicit purpose of patent law is to maintain secrecy of inventions for an indefinite time period. Beyond the duration of a patent, the owner can sue those who infringe on it. Patent laws include the right to use the invention. Usually multiple intellectual property rights can cover the same article.
The statement which correctly describe the patent enforcement is "Usually multiple intellectual property rights can cover the same article".
What is patent enforcement?A lawsuit brought by the owner of a patent against those who have violated its rights is known as patent enforcement. One of two legal remedies typically comes from patent enforcement.
Some feature of patent enforcement are-
A patent holder may protect his or her patent by filing a lawsuit in federal court for patent infringement against anyone who makes use of his invention without authorization.Patent infringement lawsuits as well as other civil disputes resulting from patents are subject to federal district courts' jurisdiction. The Federal Circuit examines district court appeals.Patent litigation procedures often cost between $2.3 million and $4 million. Trials in patent lawsuits might take one to three years. 95 to 97 percent of patent infringement cases are resolved without going to trial.The direct patent infringement happens when a product that is commercially marketed, sold, or utilized without the owner's consent that is substantially similar to a patented product or invention.Thus, an invention is a product or a technique that, in general, offers a new way of doing something or presents a new technical solution to a problem. A patent is an exclusive right awarded for an invention.
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A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is ________ and his average revenue is __________.it cannot change its quantity of output. a.$50; $5 b.$500; $5 c.$500; $50 d.$5,000; $500
The correct option is b.$500; $5
A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is $500 and his average revenue is $5 .it cannot change its quantity of output.
Revenue, which is determined by multiplying the average sales price by the quantity of units sold, is the money made from regular business operations. The top line (or gross income) figure is what is used to calculate net income by deducting costs. Sales are another name for revenue in the income statement.
The amount made per unit of output is referred to as average revenue. In other words, it is the money the seller makes from each commodity unit that is sold. Divide the entire revenue by the total output to get the average revenue for a company.
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If you are considering transferring to a university after community college, when is it best to make this decision?.
Answer: If you transfer during your first year, your high school transcript may hold more weight, experts say. At UCF, Chavis says, admissions officers are more likely to look at your high school transcripts and related materials if you enter with fewer than 60 credits. Prospective transfer students should consider whether their high school grades may help or hurt their odds of admission.
Appraiser Jerry is looking past how a property is being used to determine a more optimal function. What is he determining
When appraiser Jerry is looking past how a property is being used to determine a more optimal function, he is determining the highest and the best use of the property.
What is optimal function?Optimal function is a practice of business management that deal with ensuring the best possible use of the resources available in the hands of an organization.
In the above case, optimal function is used in such a way that Jerry, the appraiser, is successfully able to ensure that the property is being used in the best ways possible.
Hence, option B holds true regarding optimal function. The complete question has been attached as an image for better reference of the students.
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The manager of a firm should change the capital structure if and only if Blank______. Multiple choice question. the value of the debt exceeds the value of the equity the change will increase the value of the firm it benefits management the change will decrease the value of the firm
The manager of a firm should change the capital structure if and only if Bank increases the value of the firm.
Capital structureThe capital structure alludes to the particular blend of obligation and value used to back an organization's resources and tasks.According to a corporate viewpoint, value addresses a more costly, long-lasting wellspring of capital with more prominent monetary adaptability. Obligation, then again, addresses a less expensive, limited to-development capital source that legitimately commits the organization to fixed, guaranteed cash outpourings with the need to renegotiate sometime not too far off at an obscure expense.An organization's capital structure is the consequence of such supporting choices that might be directed by capital construction strategies or targets set by the executives and the board. Capital structure is additionally impacted over the long haul by the organization's tasks, which could consume or produce cash, and by the board choices in regards to profits and offer buybacks.The capital design choice is critical to the firm, the ideal capital construction limits the company's general expense of capital and augments the worth of the firm. The utilization of obligation finances in capital construction builds the EPS as the interest on an obligation is charge deductible, which prompts an expansion in share cost.Hence, if and only if Bank raises the firm's value, the manager of the company should alter the capital structure.
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Katie was notified in November that she will be receiving a $75,000 bonus. This is her first year as an executive and she is thrilled, but she is concerned about the tax impact. She decides to take $25,000 in December (the normal payable date) and to defer the residual for 15 years when she plans to retire. Has she violate the economic benefit rule with this decision
When Katie decides to take $25,000 in December (the normal payable date) and to defer the residual for 15 years when she plans to retire. "She does not violate the economic benefit rule with the decision."
What is Economic Benefit Rule?It is a principle of taxation that affects taxpayers with cash basis who are paid for their services.
According to its provisions, a taxpayer is subject to taxation if they derive a "economic benefit" from an unqualified right to acquire property in the future.
Some examples of economic benefit rule are-
net income and revenues,profit and net cash flow,a decrease in anything, such a cost, cheaper labour or raw material costs.Thus, the benefit a person receives from paying less for a good than the utmost price they are willing to pay for it is known as the net economic benefit.
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Private saving equals ____; public saving equals ______; national saving equals ____. Group of answer choices 800; 200; 600 800; 200; 1,000 1,000; 800; 1,000 1,500; 700; 2,700
Answer:
Private saving equals 1500,public saving equals 1000,national saving equals 2700
Private saving equals 1500, public saving equals 1000, and national saving equals 2700.
Saving is a system of putting aside a part of contemporary income for future use or the drift of sources accumulated in this manner over a given time period. Saving may also take the form of increases in bank deposits, purchases of securities, or accelerated cash holdings.
Saving cash offers you a manner out of the uncertainties of life and gives you the possibility to revel in an excellent life, placing aside a sum of money in a systematic manner allows you to steer out of many hurdles and barriers in lifestyles.
The significance of saving money is easy: It permits you to revel in extra security in your lifestyle. When you have cash set aside for emergencies, you've got a fallback must something sudden manifests. And, if you have financial savings set aside for discretionary fees, you will be capable of taking risks or attempting new things.
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A company pays each of its two office employees each Friday at the rate of $240 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
Debit Salaries Expense $960 and credit Salaries Payable $960.
What is salary expense?Salaries expense is the fixed pay earned by employees. The expense represents the cost of non-hourly labor for a business. It is frequently subdivided into a salaries expense account for individual departments, such as: Salaries expense - accounting department. Salaries expense - engineering department.Salary expense per employee = $240 per day
Number of employees = 2
Salary expense for 2 days = Salary expense per employee * Number of employees * 2 = $240 * 2 * 2 = $960
Now, calculate salary -
Date Account title Debit Credit
Salaries expense $960
Salaries payable $960
(To record salaries expense for 2 days)
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What is the real interest rate if the current nominal interest rate is 10% and the inflation is 6.5%
Answer:
65.0
Explanation:
it will mutiple the the inflation rate and the more the inflation the bigger the interest
Trevor's boss told him that he would now also be responsible for answering the phones and filing correspondence in addition to the tasks he already did. This provided Trevor with an even wider range of tasks and is an example of ______.
The responsibility for answering the phones and filing correspondence in addition to the tasks is an example of extension.
What is an extension?An extension refers to doing an even wider range of tasks in addition to the tasks assigned. Task switching is a sort of multitasking that involves switching between several abilities, tasks, or cognitive sets. Multitasking is the practice of dividing one's attention among several skills, tasks, or cognitive sets.The process of working as an extension involves interspersing and overlapping the execution of various programs. This is frequently accomplished by taking advantage of the discrepancy between a computer's quick processing power and its slower input/output devices.If necessary, put off other chores so that one may focus entirely on the important ones when working as an extension.In order to do the assignment on time, one may need to make wise choices, such as calling off a meeting. A good leader may change with the times and deviate from the norm to deal with the problems at hand.To learn more about Multitasking refer to:
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During hyperinflation, the value of money: Multiple choice question. falls slowly rises slowly does not change falls rapidly rises rapidly
The value of money grows fast during hyperinflation.
Hyperinflation is defined by fast and unrestricted price rises in an economy, generally at rates greater than 50% per month over time. In times of war and economic turbulence in the underlying manufacturing sector, along with a central bank creating an excessive quantity of money, hyperinflation can arise.
As essential items such as food and gasoline become limited, hyperinflation can cause price increases.
While hyperinflations are uncommon, once they start, they may quickly spiral out of control.
Therefore, the correct option is rises rapidly.
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A person responsible for the movement of goods within a warehouse or on the factory floor to specific workstations is working in the field of
A materials handler is the person responsible for the movement of goods within a warehouse or on the factory floor to specific workstations.
What is a materials handling?This refers to the movement, storage & control of materials or products throughout manufacturing, warehousing, distribution department.
Hence, a materials handler is the person responsible for the movement of goods within a warehouse or on the factory floor to specific workstations.
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Bob visited the offices of MASS, a successful insurance company in Boston. MASS needs people who are good with numbers. When Bob visited, he noticed that the analysts wore conservative suits and their desks were laid out in a large space like a warehouse, without cubicles, walls, or decorations. The ________ seemed like a clue to a miserly culture.
Bob visited the offices of MASS, a successful insurance company in Boston. MASS needs people who are good with numbers. When Bob visited, he noticed that the analysts wore conservative suits and their desks were laid out in a large space like a warehouse, without cubicles, walls, or decorations. The physical space and décor seemed like a clue to a miserly culture.
What is Insurance Company ?Insurance company are financial intermediaries which offer direct insurance or reinsurance services, providing financial protection from possible hazards in the future.
Insurance companies assess the risk and charge premiums for various types of insurance coverage. If an insured event occurs and you suffer damages, the insurance company pays you up to the agreed amount of the insurance policy. The way insurance companies work, they can pay this and still make a profit.
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Ahmed is in charge of hiring new employees for his company. He wants to hire people who are very organized, responsible, and will work hard for the company. In which trait is Ahmed MOST interested
the qualities to look for in new employees are hard work, dedication and motivation
qualities for jobs-
it is necessary for an HR to be well educated to be able to decipher their inner qualities to judge their suitability for the job. the person must never shy away from working hard and and must be interested in the job. it is only then that they would be motivated to do the work on each day. they should be willing to accept constructive criticism and work on it. they must be eager to gain new knowledge. these are a few things to search in a new employee before hiring them.
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What should an organization do once it has determined the sources of information to fulfill the marketing research objectives? Gather the relevant data from secondary or primary sources, or both. Analyze, interpret, and summarize the information gathered. Conduct surveys and in-depth interviews with the respondents. Consider the costs and benefits of the research effort. Effectively communicate the results to decision makers.
Consider the costs and benefits of the research effort.
Once the organization has determined the sources of information to fulfill the marketing research objectives, it should consider the costs and benefits of the research effort.
What are the steps of marketing research process?Locating and defining issues or problems is the first step: This step focuses on defining the parameters of a circumstance or issue pertaining to marketing strategy or implementation. The researcher should consider the study's goal, any pertinent background knowledge, the information that is required, and how the information will be used in decision-making when describing the issues or problems.Planning the Project for Market Research: This step focuses on developing a market research strategy or broad approach on how you're going to address the identified issue or problem. A framework or blueprint for carrying out the marketing research project is a research plan or approach. Gathering data: This step focused on gathering the data you'll need to address the issue or problem you identified. When gathering data, a field force or staff is used. They can work in the field, as in the case of conducting in-person interviews, from an office over the phone, or through the mail.Research Data Interpretation: This step focuses on reviewing the evidence and drawing a conclusion that resolves the issue.Report findings from research: The last step is to inform people who require the information to make judgments about the results of the market research. In order to be effectively used in the decision-making process, the findings should be presented in an understandable manner. To further improve clarity and effect, a verbal presentation to management should be delivered using tables, figures, and graphs.Learn more about marketing research here:
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At the end of the month, standard costs per unit are multiplied by __________ production and compared to __________ costs. a.budgeted; actual b.actual; actual c.budgeted; budgeted d.actual; budgeted
The answer is the 'B' option. That is actual, actual.
While budgeted expenses represent anticipated real costs.
Standard costs describe what costs should be.
Whereas, the actual costs represent what the business in real incurred in the production of the goods or services sold by the business.
Similarly, actual production represents the production of goods and services by the business in the current year in reality rather than an estimation.
Hence, At the end of the month, standard costs per unit are multiplied by actual production and compared to actual costs.
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As the aggregate price level in an economy rises, ____________________. interest rates increase consumer demand increases exports decrease investment increases
As the aggregate price level in an economy rises, A. interest rate increase.
What is interest?It should be noted that the interest rate simply means the rate that's put on the money that's collected by an entity.
In this case, when there's an increase in the aggregate price level in an economy rises, the interest rate increase as well.
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